Posted 3/8/2024, 4:15:29 PM
Asian Stocks Rise on Strong China Earnings and Policy Support
- Asian equities were higher this week, led by Taiwan and Mainland China outperforming Hong Kong
- Several Chinese tech companies like JD.com and Bilibili reported strong earnings
- China's "Two Sessions" policy meetings continued, with positive commentary around supporting technology and healthcare
- Mainland investors were net buyers of Hong Kong stocks, while foreign investors bought mainland stocks
- An article questioned Pinduoduo's growth, but appears to misunderstand its business model and metrics